Gold rate slips on MCX due to profit booking; geopolitical tensions, dollar's weakness limit losses
Analysis of this story by livemint_markets · 11 Mar 2026, 9:05 AM IST (about 2 months ago)
AI Analysis
Precious metals often act as safe havens during uncertainty. Current geopolitical events and currency fluctuations are key drivers.
Trading Insight
Neutral to slightly bullish bias for gold and silver, with potential for quick reversals based on news flow.
Quick check: NIFTY neutral, BANKNIFTY neutral.
Key Evidence
- •MCX gold April futures were 0.16% down at ₹1,63,045 per 10 grams.
- •MCX silver May futures were 0.50% down at ₹2,76,471 per kg.
- •Profit booking is cited as a reason for the slip.
- •Geopolitical tensions and dollar's weakness are limiting losses.
- •Risk flag: Sudden de-escalation of geopolitical tensions
Sectors:broad_market
Sources and updates
Original source: livemint_markets
Published: 11 Mar 2026, 9:05 AM IST
Last updated on Anadi News: 11 Mar 2026, 9:22 AM IST
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